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| Friday, Dec 27, 2013 04:35 PM PST | |
| Today's Reuters Technology News Headlines - Yahoo! News: | |
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| Apple CEO's 2013 pay steady but sees part of stock award shrink Friday, Dec 27, 2013 04:35 PM PST  Apple Inc CEO Tim Cook earned roughly the same in 2013 as in 2012, but lost part of his performance-based stock award during a year in which intense competition and margin pressure bludgeoned the iPhone maker's stock. Apple's stock lost a quarter of its value over that one-year period. The company also advised shareholders to vote down a resolution by activist investor Carl Icahn, who proposed the iPhone maker buy back $50 billion worth of shares in fiscal 2014. Apple argued on Friday it has already returned $43 billion in dividends and share repurchases over the first six months of its roughly $100 billion capital return program. Full Story | Top |
| Italy delays 'Google tax' until July, OKs funds for business, welfare Friday, Dec 27, 2013 02:54 PM PST  By James Mackenzie ROME (Reuters) - Italy delayed the start of its planned Internet tax until July 2014, approved billions of euros in business and welfare measures and extended a ban on media cross-ownership in a final package of year-end legislation approved on Friday. The launch of an Internet tax, sometimes dubbed the "Google tax", passed this week by parliament, will be postponed until July, 1, 2014, Prime Minister Enrico Letta's office said in a statement. The tax, designed to ensure that companies that advertise and sell online in Italy do so only through companies with a tax presence in the country, has been criticized by the European Commission, which expressed doubts on its legality before it was approved in parliament. The package announced after Friday's cabinet meeting included measures to allow Italy to use 6.2 billion euros in European Union funds, which have already been approved, to help small businesses, fight youth unemployment and help local economies by funding the maintenance of historic sites. Full Story | Top |
| Mobile carriers failed to use tech fixes to thwart spying: expert Friday, Dec 27, 2013 01:32 PM PST  The world's mobile phone carriers have failed to implement technology fixes available since 2008 that would have thwarted the National Security Agency's ability to eavesdrop on many mobile phone calls, a cyber security expert says. Karsten Nohl, chief scientist with Berlin's Security Research Labs, told Reuters ahead of a highly anticipated talk at a conference in Germany that his firm discovered the issue while reviewing security measures implemented by mobile operators around the world. Nohl also told Reuters that the carriers had failed to fully address vulnerabilities that would allow hackers to clone and remotely gain control of certain SIM cards. I think it is individual laziness and priority on network speed and network coverage and not security." A spokeswoman for the GSM Association, which represents about 800 mobile operators worldwide, said she could not comment on Nohl's criticism before seeing his presentation on the topic at the Chaos Communications Congress in Hamburg, Europe's biggest annual conference on hacking, security and privacy issues. Full Story | Top |
| Nasdaq to compensate firms on December 31 for botched Facebook IPO Friday, Dec 27, 2013 11:09 AM PST  By John McCrank NEW YORK (Reuters) - Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims related to Facebook Inc's botched May 2012 initial public offering, the exchange operator said in a note to traders on Friday. Nasdaq said previously it would pay up to $41.6 million in claims to market participants that lost money when a glitch in Nasdaq's system during the IPO prevented timely order confirmations for many traders, leaving them unsure about their exposure for hours and, in some cases, for days afterwards. Nasdaq said a total of $41.6 million in claims qualified for compensation, even though market makers estimated they lost $500 million collectively. Firms that qualified for compensation had until December 23 to agree not to sue Nasdaq over the IPO in order to be eligible for a one-time voluntary payout. Full Story | Top |
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